Praveg Communications (India) Ltd
BSE:531637
Praveg Communications (India) Ltd
Praveg Communications India Ltd. operates as an integrated pharmaceutical company in India. The company is headquartered in Ahmedabad, Gujarat. The firm is principally engaged in business of providing services of advertising, hospitality, management and organization of events, exhibitions and campaigns in India and abroad.
Praveg Communications India Ltd. operates as an integrated pharmaceutical company in India. The company is headquartered in Ahmedabad, Gujarat. The firm is principally engaged in business of providing services of advertising, hospitality, management and organization of events, exhibitions and campaigns in India and abroad.
Revenue Growth: Praveg's total consolidated income rose 28.94% year-on-year in H1 FY26 to INR 77.71 crores, driven by hospitality expansion and steady event and advertisement performance.
Segment Contribution: Hospitality & Event segment contributed INR 26.29 crores and Advertising segment contributed INR 11.21 crores during the quarter.
Profitability Impact: The company posted a consolidated net loss of INR 14.97 crores for H1 FY26, with margins pressured by higher costs at new properties, temporary closure of seasonal resorts, and fixed lease commitments.
Seasonal Recovery Expected: Management expects a stronger second half, citing traditional seasonal upturn in Indian tourism and reopening of seasonal properties.
Operational Expansion: Room inventory expanded to over 825 rooms across 17 resorts and 1 hotel, and new properties like Praveg Adalaj Theme Park and expansion at White Rann and Lakshadweep are highlighted.
Event Business Revival: The company is rebuilding its event and exhibition business, with expectations of substantial growth in H2 after a weak prior year.
Kutch Expansion: New acquisition of a 252-bed property in Kutch will increase total inventory significantly next season.
